Los Angeles Lakers: Chelsea co-owner Mark Walter set to be sold controlling stake in $10bn valuation | NBA News
The Los Angeles Lakers Control Participation must be sold to the Chelsea Mark Walter co -owner with a franchise assessment of $ 10 billion – the highest of all time for a professional sports franchise.
As part of the agreement, Jeanie Buss, whose family has controlled the Lakers since her father bought the team in 1979, intended to stay as a team governor, Associated Press reported.
It is not clear how much the Lakers that Walter acquire more. He was part of a group that bought 27% of the Lakers in 2021. Jeanie Buss will still hold at least 15% of the Lakers once this transaction is finished; By the NBA rule, a governor must have at least a large part of a participation.
Walter and TWG Global already had the majority interest of the Los Angeles Dodgers, the Chelsea Premier League club, the professional female hockey league, and – via TWG Motorsports – has several car racing teams, including Cadillac Formula 1.
Dodgers manager Dave Roberts said that the news in Walter Marks “a very exciting day for Lakers, for the city of Los Angeles”.
“He is very competitive and he will do everything he can to produce a team of championship caliber every year and make sure that the city feels proud of the lakers and the inheritance they have already built with the bus family,” said Roberts.
“Mark Walter is the best choice and will be the best goalkeeper of the Laker brand,” published a publication on Walter’s social networks and, a trading partner of Walter and someone, very close to Jeanie Buss, published on social networks.
“The proof is in the pudding on what he could accomplish with the Los Angeles Dodgers. Mark is nothing less than a winner by marking two world series and 11 NL West division titles in the past 12 years!”
Johnson said he was certain that Jeanie Buss only concluded the agreement after being convinced that Walter would do the good of the Lakers.
“Laker fans should be (ecstatic),” said Johnson. “Some things that I can tell you about Mark – he is motivated by victory, excellence and doing everything in the right way. And he will put the necessary resources to win!
“I can understand why Jeanie sold the team to Mark Walter because they are just similar – they are competitive people, have big hearts, like to give back and prefer both behind the scenes. It makes sense in the world.”
Walter is intensely private to issue spotlight. He is CEO of the financial service company Guggenheim Partners, which should have more than $ 325 billion in assets. Johnson is one of Guggenheim investors.
The co -owner of Los Angeles Dodgers, Mark Walter, will take the kingdoms at the Lakers
The agreement for the sale of Lakers comes about three months after Bill Chisholm agreed to buy Boston Celtics with an initial evaluation of $ 6.1 billion, which was going to be a record, exceeding the previous brand of Sale of $ 6.05 billion for NFL Washington commanders.
The sale of the Celtics is not yet finalized, pending final approval by the Council of Governors of the NBA. This advice should meet in Las Vegas next month.
And now, the Lakers must be sold with an evaluation of $ 10 billion – not just a record, but a total crushing of the previous brand.
Lakers have been under the control of the bus family for 46 years, the longest of all NBA franchise current. Herb Simon bought Indiana Pacers – currently in the NBA final – in 1983, the second longest owner of an NBA club.
Jerry Buss bought the Lakers for $ 67.5 million and went to the NBA final 16 times on his 34 seasons at the top of the club, winning 10 championships during this period. When he died in 2013, the Lakers property entered a trigger controlled by the six bus children – who all worked for Lakers at various titles for several years.
Finally, the family began to compete on control. An agreement was concluded in 2017 by calling for Jeanie Buss to serve as a control owner, ending a battle which included its doors in court after her brothers Jim and Johnny Buss called for a meeting of the council which she interpreted as a challenge to her power – shortly after she withdrew Jim Buss as executive vice -president of basketball lakers.
